BUSINESS
PropEquity founder buys back stake from US-based hedge fund, targets $100m IPO in next two years
The company will shortly launch a commercial and retail data analytics platform covering over 70,000 lease transactions in top eight cities
BUSINESS
Gurgaon-based Tulip Infratech forms JV with China Construction
The consortium will focus on highways, flyovers, high-rises and affordable housing.
BUSINESS
Over 30,000 flats to be delivered by Noida, Greater Noida and YEIDA by month end; buyers say move is an ‘eyewash’
Action against builders to be taken only after audit process is completed, say sources
REAL-ESTATE
Credai writes to government; seeks intervention for implementation of RERA tribunal in all states
In a letter addressed to Puri, Credai recognised RERA as a game changer for the sector which will facilitate the long-term growth of the Indian real estate industry
INDIA
Aravallis to be delineated across NCR; Shamli district of UP now part of NCR
The Aravallis have to be delineated as natural conservation zones (NCZ) with limit on construction at 0.5 percent across the National Capital Region, it was decided at the NCRPB meeting held on Monday.
BUSINESS
SC appointed amicus curiae says Jaypee homebuyers can register claims on portal from Tuesday
The amicus curiae of the Jaypee insolvency case, Pawan Shri Aggarwal has informed the Supreme Court that the website was ready and that buyers could register their claims from today. The website link is http://amicusjaypee.in/HomePage
BUSINESS
CLSS freebie of almost Rs 2.3 lakh: Will properties under all development authorities finally make the cut?
Areas under industrial authorities and all such authorities like seaport authority, chemical authority etc will soon qualify for the PMAY scheme.
BUSINESS
Draw for DDA housing scheme 2017: 20,000 units to be launched between March to June next year
The DDA housing scheme will be a mix of lower income group (LIG), middle income group (MIG) and high income group (HIG) flats and will be located in areas such as Narela, Dwarka, Rohini, Vasant Kunj, Jasola among others.
BUSINESS
21 bids received for completion of Jaypee Infratech residential projects in Noida
The NCLT appointed resolution professional Anuj Jain has received 21 bids from investors, including Adani Group and Hindujas, willing to pump in at least Rs 2000 crore to complete the projects floated by Jaypee Infratech
REAL-ESTATE
States told to promote CLSS scheme among teachers and paramilitary forces personnel
States have now been directed to adopt 16 innovative technologies for construction of housing under affordable housing in partnership and in-situ slum rehabilitation verticals
BUSINESS
Transfer of property title likely on same day through blockchain
Andhra Pradesh planning to establish blockchain Institute and has set a target to be blockchain-enabled by 2019. Telangana has announced moving all its land records to a blockchain-based registry
BUSINESS
Inventory tax on unsold property refers to an old amendment
No new tax to be applicable on unsold inventories held by builders; Amendment to section 22 and 23 introduced in Budget 2017
BUSINESS
Multi-crore deals signed; momentum in high-end property picking up post-demonetisation
While quite a few deals that were signed this Navratras, inventory worth Rs 700 crore is expected to come up Delhi’s tony markets in the next 15 months
BUSINESS
SC rejects JAL’s proposal to hive off Yamuna Expressway for Rs 2,500 crore
Extends date for JAL to deposit Rs 2000 crore by November 5.
BUSINESS
Jaypee homebuyers fear Yamuna Expressway hive-off may harm, write to IRP
2,400 Jaypee homebuyers have suggested to the IRP that proceeds from securitisation of tolls and hiving off Yamuna Expressway be deposited with the Supreme Court or in escrow account
BUSINESS
Planning to buy a home? Here are 10 things to follow for a safe purchase
if you are planning to buy property now, buy only for self use. This is not an investors’ market and appreciation in property prices is unlikely for the next two years
BUSINESS
It’s raining discounts, freebies this festive season – homebuyers must choose wisely
Much of the growth that the real estate sector is expected to witness this quarter will be on account of freebies and as a result of the regulatory mechanisms such as RERA being in place.
BUSINESS
Planning to buy a house this festive season?
Purchase residential property only if you are planning to move in yourself. If looking for pure play investment, try considering commercial or warehousing options
BUSINESS
Retail leasing to witness 13.6 million sq ft of new supply in top 8 cities
Hyderabad will see the largest number of new retail malls, as many as 11, that will more than double its current mall inventory
BUSINESS
Insolvency rules amendment on stakeholder protection ‘cosmetic’, say homebuyers
The Insolvency and Bankruptcy Board of India (IBBI) has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interests of all stakeholders
BUSINESS
JP Associates seeks Supreme Court’s permission to sell Yamuna Expressway to raise Rs 2000 crore
The embattled Jaypee group today informed the Supreme Court that it wants to "hive off" the multi-crore Yamuna Expressway in order to generate money
INDIA
Land pooling in Delhi further simplified: Now DDA to act only as facilitator
Transfer of pooled land to DDA not required; Single window approvals for speedy execution
REAL-ESTATE
RERA & GST compliance expected to remain a challenge for developers until 2017 end
Residential launches decline but demand for commercial office space and retail properties continues to drive fund flows.
BUSINESS
CLSS freebie of almost Rs 2.3 lakh: Why homebuyers not queuing up for it?
Lack of awareness among public, limited sizes and confusion over which towns covered under the scheme were reasons why the CLSS scheme did not kick off
